If the income effect of a change in the wage dominates the substitution effect, then workers will want to work more when the wage increases.

Answer the following statement true (T) or false (F)

False

Economics

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Without trade, the consumption possibilities for two nations are:

a. outside their production possibilities curve. b. inside their production possibilities curve. c. along their production possibilities curve. d. at a point equal to the world production possibilities curve.

Economics

The level of aggregate expenditures in a mixed open economy is comprised of:

A. C a + I g + X n B. C a + I g + G + T + X n . C. C a + I g + X n + G. D. C a + G.

Economics